Lear Corp (LEA) Files Form 4 Insider Selling : Jay K. Kunkel Sells 653 Shares

Lear Corp (LEA): Jay K. Kunkel , President, Asia Pacific Ops of Lear Corp sold 653 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $116.32 per share for a total value of $75,956.96 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Greg C Smith (director) sold 1,000 shares at $113.95 per share price.On Feb 22, 2016, Mel Stephens (SVP Comm, Facilities & Inv Rel) sold 17,146 shares at $104.08 per share price.Also, On Feb 22, 2016, Matthew Simoncini (President & CEO) sold 123,162 shares at $104.08 per share price.On Feb 22, 2016, Raymond E Scott (EVP & President, Seating) sold 43,776 shares at $104.08 per share price.

Shares of Lear Corporation (LEA) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -1.51 points or -1.29% at $115.95 with 5,03,145 shares getting traded. Post opening the session at $116.92, the shares hit an intraday low of $115.32 and an intraday high of $117.5899 and the price vacillated in this range throughout the day. The company has a market cap of $8,554 M and the number of outstanding shares has been calculated to be 7,37,74,556 shares. The 52-week high of Lear Corporation is $127 and the 52-week low is $89.71.

Lear Corporation Money Flow Index Chart

On May 19, 2016, Lear Corporation announced a cash dividend of $0.3000. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 30, 2016.

Company has been under the radar of several Street Analysts.Lear Corporation is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 136 from a previous price target of $124 .The Rating was issued on Apr 28, 2016.Lear Corporation is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 125 from a previous price target of $119 .The Rating was issued on Apr 28, 2016.

Lear Corporation is engaged in providing automotive seat systems and individual seat component parts. The Company has two segments: seating and electrical. The Company seating segment consists of the design development engineering assembly and delivery of complete seat systems. The Company is also involved in the design development engineering and manufacture of all seat components including seat structures and mechanisms seat covers and surface materials such as fabric and leather seat foam and headrests. The Company’s electrical segment consists of the design development engineering manufacture assembly and supply of electrical distribution systems and components for light vehicles. The Company has manufacturing engineering and administrative capabilities in about 34 countries with 219 locations. The Company also manufactures junction boxes and electronic control modules which are connected to the wire harness assemblies.

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